Income Tax : Now a days various hospitals are receiving email from TPA for getting confirmation whether they have certificate under proviso (ii...
Income Tax : Discover how hospitals can secure tax benefits for employees' medical expenses. From perquisite definitions to approval procedures...
Income Tax : Types of perquisites in India, their tax implications, and exemptions under the Income Tax Act. Learn who pays perquisite taxes an...
Income Tax : Diwali season brings the joy of giving and receiving gifts - from income tax exemptions to perquisites. Learn more about Diwali gi...
Income Tax : Discover when interest-free employee loans become taxable perquisites. Learn the rules, exemptions, and calculations for tax on co...
Income Tax : Perquisites includes the value of any concession in the matter of rent respecting any accommodation provided to the assessee by hi...
Goods and Services Tax : Gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value m...
Income Tax : State Bank of India: Interest Rates on 1st April, 2011- For the purpose of computing perquisite valuation Interest rates as on 1st...
Income Tax : The salaried class, reeling under the inflationary pressures, has suffered yet another setback this holiday season with the announ...
Income Tax : THE much-awaited perquisite valuation rules have finally been notified by the CBDT. The Board has amended Rule 3 to give effect to...
Income Tax : ITAT Delhi dismisses Revenue's appeal against order of Commissioner of Income Tax (Appeals) regarding valuation of perquisites and...
Income Tax : CIT Vs Shankar Krishnan (Bombay High Court) Whether Notional Interest on Security Deposit paid by employer for accommodation of it...
Income Tax : Non-charging of interest on the loan amount given by lending company to its director could not be a perquisite as no remuneration ...
Income Tax : ITAT held that order of the ld CIT(A) is hereby affirmed where he has held the assessee bank to be assessee in default for short-d...
Income Tax : Rajesh Kumar vs. ACIT (ITAT Agra) Section 17(1) defines ‘salary’ and ‘perquisite’ separately for the purposes of sections ...
Income Tax : Corrigendum for the Notification bearing G.S.R. No. 615 (E) dated 18.08.2023 i.e. Income Tax Notification No. 65/2023 dated 18th A...
Income Tax : CBDT has modified Income Tax Rules, 1962, to determine the value of perquisite for residential accommodation provided by employers...
Income Tax : CBDT issued Income Tax Circular No. 04/2022 on 15th March 2022 and explained all provisions related to deduction of Tax At Source ...
Income Tax : CBDT revises Form No. 12BA (Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu o...
Income Tax : CBDT has released Circular No. 4/2020 which explains provisions related to TDS on Salary under Section 192 of Income Tax Act, 1961...
Now a days various hospitals are receiving email from TPA for getting confirmation whether they have certificate under proviso (ii)b of section 17(2) and hospital are like what is this provision? And were do we get that registration? Why this registration is not there? Does my existing business would affect due to not having certificate […]
ITAT Delhi dismisses Revenue’s appeal against order of Commissioner of Income Tax (Appeals) regarding valuation of perquisites and tax deduction on rent-free accommodation provided to employees by Indian Institute of Technology (IIT). Get insights into the case and the tribunal’s ruling.
Discover how hospitals can secure tax benefits for employees’ medical expenses. From perquisite definitions to approval procedures, delve into the intricate details of Section 17(2) and Rule 3A
Types of perquisites in India, their tax implications, and exemptions under the Income Tax Act. Learn who pays perquisite taxes and key considerations.
Diwali season brings the joy of giving and receiving gifts – from income tax exemptions to perquisites. Learn more about Diwali gifts and all their tax implications.
Discover when interest-free employee loans become taxable perquisites. Learn the rules, exemptions, and calculations for tax on concessional loans
Tax implications of rent-free or concessional rate accommodations provided by employers to employees in India. Understand valuation, exemptions, and calculations.
Corrigendum for the Notification bearing G.S.R. No. 615 (E) dated 18.08.2023 i.e. Income Tax Notification No. 65/2023 dated 18th August, 2023 related to Amended Income Tax Rules for Valuation of Accommodation Perquisite. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi Notification No. 72/2023-Income Tax | Dated: 29th August, 2023 […]
CBDT has modified Income Tax Rules, 1962, to determine the value of perquisite for residential accommodation provided by employers.
Understand taxability of various salary components, allowances, perquisites, and retirement benefits in India. Learn about exemptions and deductions to optimize your tax planning.
